It's time to get defensive, Michael Farr of Farr, Miller & Washington says.
As the death toll from a deadly strain of bird flu in China rises to 17, markets are closely monitoring Beijing's handling of the outbreak although officials appear to have learned a trick or two from the SARS crisis a decade ago.
Bird flu originates in birds, but fears of the pandemic are taking a toll on companies like KFC in China, reports CNBC's Michelle Caruso-Cabrera. There have been 10 deaths in the 38 confirmed bird flu cases there.
CNBC's Kayla Tausche; Michael Santoli, Yahoo! Finance columnist; and Leigh Gallagher, Fortune Magazine, discuss the restaurant's efforts to push franchisees to improve service and quality.
Some of the names on the move ahead of the open.
KFC parent Yum Brands reported sales fell 13% in March at restaurants in China amid a new bird-flu scare.
Check out which companies are making headlines after the bell Wednesday:
Concerns are growing for the restaurant industry. How to play Yum Brands amid reports of deaths from the bird flu, with the "Fast Money" traders. Also, what Johnson's exit means for JC Penney shareholders, with Daniel Hurwitz, DDR CEO.
The effects of the latest bird flu can already be seen in Chinese stocks, especially those in the travel or vacation business.
Can't decide which you love more—your honey or maple syrup? Why choose? Denny's is now offering weddings at its Las Vegas restaurant.
The fast-food chain, which is owned by Yum Brands, will introduce fried boneless chicken chunks as an alternative to its traditional breast, thigh and drumstick pieces.
Investors are still betting on Chipotle to turn things around, despite recent concerns about margin pressure and slowing growth. TheStreet.com reports.
With its rare apology, Apple went from pariah to praiseworthy in the eyes of China's state-controlled media, a lesson for other foreign firms not to underestimate the power of the government press.
Events like those in Cyprus will happen in more countries all over the world, said Marc Faber, contrarian investor and publisher of the Gloom, Boom & Doom Report.
Apple CEO Tim Cook apologized to Chinese consumers on Monday for confusion over its warranty policy following more than two weeks of criticism in the Chinese media of its after-sales service.
Wendy's shares are struggling after its rating was lowered by Morgan Stanley, but the company is on schedule with implementing its new premium concept, TheStreet.com reports.
This year's top overall seed is the University of Louisville. They also happen to be number one in another aspect of college basketball: money.
The higher payroll tax and rising gas prices are prompting consumers to dine out less. But could tax refunds in the mail bring relief to the sector?
The New Mexico company, Valley Meat, drew complaints over a two-year period from federal inspectors and state regulators over its disposal of remains when it processed cattle for beef. The New York Times reports.
McDonald's will give away more than a million breakfast McMuffins across China on Monday, a few days after Chinese state television airs its annual expose on corporate malpractice to mark World Consumer Rights Day.